US consumer demand for electric vehicles has started to wane as economic headwinds and inflation pick up, reducing affordability options. As inflation seems to cool and new competitors join the EV space, is there a possibility things could pick up in 2024? Bill Newman, Industry Executive Advisor at SAP North America, joins Yahoo Finance Live with Autos Reporter Pras Subramanian to discuss the state of the EV market, domestically and in China heading into 2024. Newman gives context to China's ability to expand with its existing electrical grid system and also explains competition entering the US. "I think that you're also seeing some not just in China, but you're seeing some of the Asia Pacific companies — VinFast (VFS) is one — take advantage of some of the IRA funding and some of the Infrastructure Bill opportunities available to help offset some of their expansion in the world's largest market right here in the US and North America," Newman says. "Two very different markets, two very different energy frameworks, and two very different industrial policies." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...

Tesla undercut an early entry while hot tech IPO Arm Holdings moved into a profit-taking zone heading into the final trading day of 2023...

The S&P 500 gained less than 0.1% on Thursday, Dec. 28, 2023, eking out a small advance after oscillating just beneath its all-time high...

Yahoo Finance sat down with top leaders across different industries to discuss topics including the IPO market in 2024, luxury automobiles, and the housing market in the United States. Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood discusses the IPO market in 2024, Tesla, and a spot bitcoin ETF. "Now what we're seeing is we're diversifying once again. We're adding back... some stocks that we've sold... we're looking forward to the IPO window opening again," Wood says, especially in AI, as well as other innovation spaces. On Tesla (TSLA), Wood says, "we do believe that Tesla is in the pole position to be the autonomous taxi platform in the United States." Wood adds, "the outlook is bright for a... spot bitcoin ETF and we do think it will be in January." Automobili Pininfarina (PINF.MI) CEO Paolo Dellachà notes the "key elements" of being in "the luxury segment" as an ultra-luxury auto designer. "To stay in the luxury segment, is definitely a lot about technology, about performance. But still the key elements of Battista and everything Pininfarina... will also develop in the future, start and originates from the vision about the design," Dellachà explains. "For us, it was about embracing the future and also embracing the technology that not only allow us to have a car which is emission-free, is also allowing the car to have the highest level of performance that you can now achieve today. And this comes with electric." Meredith Whitney LLC Founder Meredith Whitney explains the "silver tsunami" in the housing market in the U.S. "The U.S. economy is remapping itself regionally," Whitney says, "you see population migration going along the lines of economic opportunity and economic growth." "The other major demographic trend you see, is the aging of America... the 'silver tsunami' is 10,000 people a day turning 65 and by 2030, the entire baby boomer... generation will be over 65." Whitney explains that "AARP estimates that 51 percent of people over 50 downsized their home and people over 50 are 74 percent of total U.S. homeowners. So if you just take... half of that you've got about 30 million homes that should be coming on the market." Key video moments: 00:00:05 - Ark Invest CEO Cathie Wood 00:00:46 - Automobili Pininfarina CEO Paolo Dellachà 00:01:32 - Meredith Whitney LLC Founder Meredith Whitney...